Must be a Singapore Citizen + with family nucleus comprising at least another Singapore Citizen or Singapore Permanent Resident (SC + SC/PR)
Widowed/divorced person with child/children under his/her legal custody
Buyer and essential family members listed must not:
Enjoyed other forms of housing subsidy (Selective En bloc Redevelopment Scheme, privatization of HUDC estate)
Income Eligibility: Your average gross monthly household income must not exceed $12,000.
Eligible first timer households will receive a CPF housing grant of:
Monthly Household Income not more than $10,000 –> CPF Housing Grant of $30,000
Monthly Household Income more than $10,001 to $11,000 –> CPF Housing Grant of $20,000
Monthly Household Income more than $11,001 to $12,000 –> CPF Housing Grant of $10,000
Grant will be credited into buyer’s CPF account and he/she can use it to pay for the remaining 10% CPF down-payment at the stage of signing the S&P.
Find out more on Income Guideline here
Minimum Occupation Period:
Start date of MOP computed from the date of issuance of Temporary Occupation Permit (TOP)
First 5 years – Owner occupied
6th to 10th years – Sold to open market to Singapore Citizen and PR only
After 10th year – Sold to open market to foreigners and corporate bodies